CAPITEC BANK HOLDINGS LIMITED - Capitec Bank Limited credit ratings and outlook unchanged
CPI 201307050006A
Capitec Bank Limited credit ratings and outlook unchanged
CAPITEC BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/025903/06)
(JSE share code : CPI ISIN : ZAE000035861)
(ISIN : ZAE000083838)
(“Capitec”)
CAPITEC BANK LIMITED CREDIT RATINGS AND OUTLOOK UNCHANGED
On 4 July 2013, Moody’s Investors Service affirmed the credit
ratings and outlook for these ratings of Capitec Bank Limited,
the wholly-owned banking subsidiary of Capitec. Both the
international ratings of Baa3/P-3 and the national ratings of
A2.za/P-1.za remain unchanged and the outlook for all ratings
remains stable.
In their ratings report, Moody’s mention that the stable outlook
reflects their view that the bank has a strong loss absorption
capacity and a comprehensive provisioning policy which
counterbalances challenging operating conditions in South
Africa’s unsecured lending market.
Stellenbosch
5 July 2013
Sponsor
PSG Capital (Pty) Limited
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